SOLO is the premium segment of Bank of Georgia – and the account we open remotely for our clients. But what distinguishes a SOLO account from an ordinary current account? This article explains the services, the target group and the special features of the SOLO account in detail.
What is a SOLO account?
SOLO is the premium brand of Bank of Georgia for discerning private clients. A SOLO account is therefore more than a mere custody account: it combines a fully fledged multi-currency account with internationally usable cards, modern online and mobile banking and – this is the decisive point – a personal banker. Instead of anonymous counter service, you get a fixed contact at the bank, reachable via WhatsApp in English.
For internationally active people, precisely this mix is valuable. A SOLO account bundles functions that elsewhere would have to be spread across several products into a single, easily usable account.
The services of a SOLO account at a glance
| Service | Description |
|---|---|
| Multi-currency | Accounts in GEL, EUR, USD, GBP and further currencies |
| Cards | VISA/Mastercard debit card, usable internationally |
| Banking | Online and mobile banking, in English |
| Advice | Personal SOLO banker via WhatsApp |
| Opening | Possible remotely via CMC by power of attorney |
Who a SOLO account suits
A SOLO account is aimed at people who live and work across borders. This includes digital nomads looking for a stable account without a fixed residence, as well as internationally active entrepreneurs who want a reliable account outside the EU. Freelancers and the self-employed who need an additional multi-currency account, and private individuals who want to diversify their wealth and gain access to the Georgian banking system, also benefit.
If you regularly receive income in a foreign currency, the SOLO account is especially worthwhile. You can hold USD or GBP and do not have to convert into euros at unfavourable rates with every credit. The exchange then happens in bulk and at a time of your choosing.
Opening the SOLO account remotely
The biggest advantage of our offer: you can have the SOLO account opened entirely remotely. Via an apostilled power of attorney, we handle the whole process on site in Tbilisi. You only send us a passport copy, the apostilled power of attorney, a short CV and a description of the account purpose. We take care of the rest – bank communication, opening, set-up of online banking and courier shipping of the cards.
SOLO account vs standard account: the difference
Where does the concrete added value of a SOLO account over a simple account lie? Essentially in three points: the premium service with a personal banker, the consistent multi-currency capability and the upscale card and banking equipment. Anyone who uses their account only rarely may get by with a basic account. But anyone using it as a serious second pillar for international payments and reserves benefits noticeably from the SOLO segment.
Costs and ongoing fees
Opening the SOLO account via CMC costs a one-off EUR 750 plus VAT plus EUR 120 in courier costs. There are no ongoing fees on the part of CMC. The bank's account-maintenance fees follow Bank of Georgia's prevailing tariff and are not part of our offer. We recommend clarifying the current conditions for the SOLO segment directly with your assigned banker.
As with any bank: the final account opening lies at the discretion of Bank of Georgia. We review your profile beforehand and prepare your application as well as possible.
Conclusion: the SOLO account as a Freiheitskonto
A SOLO account from Bank of Georgia combines stability, premium service and multi-currency capability in one product – and, thanks to the remote procedure, can be opened without travel. This makes it the ideal Freiheitskonto for everyone who wants to set up their financial base internationally and independently.
SOLO account: scope of functions in detail
The SOLO account is more than a simple current account. It is the upscale retail segment of Bank of Georgia and combines a multi-currency account, internationally usable VISA/Mastercard debit cards and modern, English-language online and mobile banking. For clients from German-speaking countries, precisely this bundling is attractive: one access point, several currencies, one app.
| Function | SOLO account |
|---|---|
| Currencies | GEL, EUR, USD, GBP and more |
| Cards | VISA/Mastercard debit |
| Banking | Online & mobile, in English |
| Contact | personal SOLO banker |
| Opening | entirely remote via CMC |
Who the SOLO account suits particularly well
The SOLO account is aimed at people who value a fixed contact and a tidy digital access. Entrepreneurs with foreign-currency income benefit from the multi-currency account. Frequent travellers appreciate the cards that work worldwide. And anyone already building a Georgian pillar finds in the SOLO account the matching private counterpart to a possible company account.
Keep the main currency of your income separate on the SOLO account. This way you avoid unnecessary exchange-rate losses and keep track of which amount is actually available in which currency.
Important to understand: the SOLO account is operated by Bank of Georgia, not by CMC. We handle the opening, all English-language bank communication and the set-up – the actual banking relationship exists between you and the bank. This clear division of roles protects you and ensures that your SOLO account continues unchanged even once our one-off support is complete.
The SOLO account in everyday use: what changes after opening
After opening, everything shifts to digital. The SOLO account is run via Bank of Georgia's app and online banking, both in English. You see your balances per currency, initiate transfers and manage your cards. A personal SOLO banker is available for questions, usually via WhatsApp and in English. For German-language contact, we remain your point of contact.
This division of tasks is deliberate: the ongoing banking relationship belongs to you and the bank, while we handle the one-off opening and set-up. This keeps your SOLO account permanently independent of our support – a point that matters more to many clients than they initially think, because it means genuine self-reliance.
Keep your access credentials for the SOLO account secure and set up the security features of the banking app fully from the start.
The SOLO segment: what it offers and who it is for
SOLO is Bank of Georgia's premium retail segment. It targets more demanding private clients and bundles personal support, multi-currency capability, high-quality cards and access to complementary services such as a securities depot via Galt & Taggart. For the remote opening via CMC, SOLO is the natural framework because it brings exactly the functions internationally active clients need.
A realistic expectation matters: a SOLO account is a full bank account with the bank's corresponding due-diligence obligations. Identity and anti-money-laundering checks (KYC/AML) are part of it, as is stating the purpose of the account. This is standard at any reputable bank worldwide and not an obstacle but part of a robust banking relationship.
Building blocks at a glance
The account includes an international debit card, online banking and – optionally – an American Express card and a Galt & Taggart depot. Which building blocks make sense depends on your needs: anyone wanting only a resilient second account manages with the basic package; anyone also wanting to invest adds the depot.
Frequently asked questions about SOLO account
What does SOLO mean at Bank of Georgia?
SOLO is the premium segment of Bank of Georgia for private clients, with a personal banker, a multi-currency account and upscale card and banking equipment.
Is a credit card included with the SOLO account?
You receive a VISA/Mastercard debit card. Further card products can be discussed with your banker depending on your profile.
Can I use the SOLO account in German?
Support by CMC is in German. Mobile banking and direct contact with the SOLO banker are in English.
Are there monthly fees?
Not from CMC. Bank fees follow the current tariff of Bank of Georgia.